Common use of No Obligation to Restore Deficits Clause in Contracts

No Obligation to Restore Deficits. No Member shall have any liability or obligation to the Company, the other Members or any creditor of the Company to restore at any time any deficit balance in such Member's Capital Account.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Caminus Corp), Operating Agreement (Cherokee International Finance Inc)

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No Obligation to Restore Deficits. No Member or Unitholder shall have any liability or obligation to the Company, the Members or other Members Unitholders or any creditor of the Company to restore at any time any deficit balance in such Member's ’s or Unitholder’s Capital Account.

Appears in 2 contracts

Samples: Operating Agreement (Pedevco Corp), Operating Agreement (Pedevco Corp)

No Obligation to Restore Deficits. No Member shall have any liability --------------------------------- Liability or obligation to the Company, the other Members or any creditor of the Company to restore at any time any deficit balance in such Member's Capital Account.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Reading Entertainment Inc), Limited Liability Company Agreement (Craig Corp)

No Obligation to Restore Deficits. No Member shall have any liability --------------------------------- or obligation to the Company, the other Members or any creditor of the Company to restore at any time any deficit balance in such Member's Capital Account.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Craig Corp)

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No Obligation to Restore Deficits. No Member shall have any liability or obligation to the Company, the other Members or any creditor of the Company to restore at any time any deficit balance in such Member's ’s Capital Account.

Appears in 1 contract

Samples: Operating Agreement (Pacific Entertainment Corp)

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